Renewable Diesel Market Value Proposition
VMRL GREEN FINANCING FRAMEWORK
GBP Eligible Project Category
Clean Transportation
Environmental Objective:
Climate change mitigation
Sustainable Water and Wastewater
Management
Environmental Objective:
Natural resource conservation
Eligibility Criteria and Example Expenditures
Expenditures for the acquisition, development, construction, operation and maintenance of plants and facilities which
either produce renewable fuels and renewable byproducts or will be converted to exclusively produce renewable fuels
and renewable byproducts.
"
Renewable fuel is defined as liquid fuel derived from renewable feedstock that meets one or more of the following:
Generates a Renewable Identification Number (RIN)
Generates a Low Carbon Fuel Standard (LCFS) credit
Used in SAF
Montana Renewables has conservatively estimated that the renewable fuel we produce when compared to
conventional fuel achieves a 64% reduction in carbon intensity(2). In reality, we expect that MRL will achieve a greater
reduction once fully credited for the hydropower as well as offsets for the rail transportation advantages.
Examples of eligible expenditures include:
ā
Renewable hydrogen production plants
Next-generation renewable feedstock pretreatment units
Single-stage hydrogenation/isomerization reactors
Retrofits/modifications of hydrocrackers to use renewable feedstock
Procurement of renewables feedstock such as vegetable oil, non-food crop oils, used cooking oil, and recycled
tallows and greases
Expenditures for the development, construction, operation and maintenance of facilities or equipment that improve
water quality to meet or exceed the standard of the local regulatory body, which is determined by the end use of the
water.
Examples of eligible expenditures include:
Water treatment plants for the water resulting from renewable feedstock processing (3)
UN SDG Alignment(1)
7
AFFORDABLE AND
CLEAN ENERGY
11
SUSTAINABLE CITIES
AND COMMUNITIES
CLEAN WATER
AND SANITATION
13
CLIMATE
ACTION
12
RESPONSIBLE
CONSUMPTION
AND PRODUCTION
QO
(1) https://sdgs.un.org/goals
(2) This estimation is done using default California Air Resources Board Cl scores for MRL's optimized feedstock slate, which is conservative.
(3) The renewable feedstocks contain approximately 12% oxygen, which the renewable process operation converts to water which MRL will treat and add to water supplies.
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